Pharmacy Inventory Management PTCB Practice Test

  1. A (n) ______formulary is a system in which therapeutic interchange protocols are utilized to convert prescribed nonformulary medications to formulary alternatives.
  1. Open
  2. Closed
  3. Retail
  4. Inventory
  1. A bottle of Xalatan eyedrop has been stored in the pharmacy at approximately 24◦C for the past 7 days. Xalatan requires refrigeration. Is this product safe to dispense?
  1. Yes
  2. No
  1. What is the DEA electronic program used for ordering C-II medications?
  1. FDAS
  2. DEAS
  3. CSOS
  4. CMOS
  1. If the AWP for a medication is $180 and the dispensing fee is $4, how much will the pharmacy be reimbursed if the insurance company will reimburse at minus 4%?
  1. $172.80
  2. $176.64
  3. $184
  4. $191.20
  1. Which DEA form is used for the purchase and sale of C-II medications?
  1. Form 41
  2. Form 106
  3. Form 222
  4. Form 224
  1. Which calculation is used to measure the over-all effectiveness of purchasing and inventory control processes?
  1. Lot numbers
  2. Inventory turnover rate
  3. AWP
  4. Rotating stock
  1. A lot number is a unique identifying code assigned to each ______of medication produced at a given time.
  1. Unit
  2. Brand
  3. Batch
  4. Strength
  1. Which of the following is a required information sheet that instructs proper storage, handling, and containment procedures for hazardous substances?
  1. Formulary
  2. NDC
  3. MSDS
  4. PAR
  1. The optimal amount of each item that should be stocked at any given time is called the ______level.
  1. Minimum
  2. Maximum
  3. Average
  4. PAR
  1. Which term is used to describe the wholesaler from whom a pharmacy has committed to purchase the majority of its inventory?
  1. Prime vendor
  2. Manufacturer
  3. Formulary
  4. Distributor
  1. Which of the following medications can become toxic after its expiration date?
  1. Aspirin
  2. Vicodin
  3. Tetracycline
  4. Lorazepam
  1. What is the term for a company that carries a selection of medications, medical devices and supplies from which a pharmacy may order?
  1. Wholesaler
  2. Manufacturer
  3. Reverse distributor
  4. AWP
  1. What is the second selection of the NDC code?
  1. The labeler code, identifying the manufacturer
  2. The product code, identifying the product
  3. The package code, identifying the package
  4. It varies
  1. Rotating stock is a process in which products with the ______expiration dates are moved to the front of the shelf when stocking.
  1. Shortest
  2. Longest
  3. Same
  4. Outdated
  1. When is the last day that a medication can be safely used if it has an expiration date of 09/10/2017?
  1. 09/01/2017
  2. 09/15/2017
  3. 09/16/2017
  4. 09/17/2017
  1. Why is ordering from a wholesaler more efficient for a pharmacy than ordering from each individual manufacturer?
  1. Most of the products come from one place, limiting the amount of paperwork and number of deliveries
  2. Wholesalers are always less expensive than manufacturers
  3. Most of the products come from different places, creating additional purchase orders and increasing the number of deliveries
  4. Ordering from wholesalers is not more efficient than ordering from manufacturers
  1. How much of its total inventory does a pharmacy need to purchase from a single wholesaler before that wholesaler is considered its prime vendor?
  1. 30% to 35%
  2. 50% to 55%
  3. 80% to 85%
  4. 100%
  1. What is the benefit of having a prime vendor for a pharmacy?
  1. Discounts are offered
  2. Markups are offered
  3. Reverse distributor status
  4. Use of CSOS is allowed
  1. Which of the following is correct regarding purchasing?
  1. Once a purchase order is transmitted to a vendor, an invoice is generated
  2. Once an invoice is generated, the purchase order is transmitted to a vendor
  3. A purchase order is also known as a bill of sale
  4. Once the shipment is received, it does not need to be checked against the invoice or purchase order for accuracy
  1. Recalls classified as class 2 or 3 are optional, and products do not need to be removed from inventory.
  1. True
  2. False
  1. Medications that are used frequently (“fast movers”) should have ______PAR levels.
  1. Small
  2. Large
  3. Varying
  4. None of the above
  1. If a pharmacy’s inventory turnover rate is 13 and the annual purchases are $16,000,000, what is the value of the inventory on hand?
  1. $1,230,800
  2. $2,080,000
  3. $13,920,000
  4. $14,960,000
  1. Which of the following are not benefits of electronic ordering systems?
  1. Technicians do need to check or verify the orders
  2. Automated inventory turnover rate calculations
  3. Perpetual inventory counts
  4. All of the above are benefits
  1. The bottom (blue) copy of a DEA form 222 is retained by which of the following?
  1. Supplier
  2. Manufacturer
  3. DEA
  4. Pharmacy
  1. The top (tan) copy of a DEA form 222 is retained by which of the following?
  1. Supplier
  2. Manufacturer
  3. DEA
  4. Pharmacy
  1. Per the DEA, how long must the form 222 and record of receipt for C-II medications be kept on file?
  1. 1 year
  2. 2 years
  3. 5 years
  4. 7 years
  1. Which medication should be processed first when shipment is received?
  1. A package of NuvaRing which requires refrigeration
  2. A bottle of expensive Plavix tablets
  3. A bottle of metformin with short expiration dates
  4. A box of OTC insulin needles
  1. Where are storage requirements for medications listed?
  1. Manufacturer’s label
  2. Package insert
  3. Neither a or b, storage is at the discretion of the pharmacist
  4. Both a and b
  1. Manufacturer’s guidelines for storage are suggestions and products are still usable if not stored accordingly.
  1. True
  2. False
  1. What is the temperature range for storage of frozen products?
  1. -20◦C to -10◦C
  2. 2◦C to 8◦C
  3. -20◦F to -10◦F
  4. 2◦F to 8◦F
  1. A (n) ______formulary is a system in which most medications are stocked in the pharmacy, or able to be ordered if prescribed.
  1. Open
  2. Closed
  3. Retail
  4. Inventory
  1. The medications included in an insurance plan’s formulary are identified by which of the following?
  1. AWP
  2. NDC
  3. Lot number
  4. Medication name
  1. Which of the following are common reasons for a pharmacy to return inventory?
  1. Manufacturer recalls
  2. Product outdates
  3. Damaged or adulterated good
  4. All of the above
  1. What is the third section of the NDC code?
  1. The labeler code, identifying the manufacturer
  2. The product code, identifying the product
  3. The package code, identifying the package
  4. It varies
  1. The FDA only has the authority to request a recall from manufacturer if it deems there is a problem with a medication, it cannot mandate the recall.
  1. True
  2. False
  1. How many classes of drug recalls are there?
  1. 2
  2. 3
  3. 5
  4. 7
  1. Which recall class is defined by the following statement: recalled products in this class may cause temporary adverse effects but have a very small probability of causing serious harm.
  1. Class 1
  2. Class 2
  3. Class 3
  4. None of the above
  1. Which recall class is the least severe?
  1. Class 1
  2. Class 2
  3. Class 3
  4. All are equally severe
  1. Which program does the FDA use to collect data about medications, including adverse effects and unexpected reactions?
  1. CSOS
  2. MedAlert
  3. DEA
  4. MedWatch
  1. Which of the following is an identifying code used for all drugs marketed in the United States?
  1. Lot
  2. PAR
  3. NDC
  4. CSOS
  1. What is the term used to describe a bill of sale of products ordered?
  1. Invoice
  2. Purchase order
  3. MSDS
  4. Formulary
  1. Per the DEA, how long must records of controlled substance destruction be kept on file?
  1. 1 year
  2. 2 years
  3. 5 years
  4. 7 years
  1. Which DEA form is used to document the destruction of controlled substances?
  1. Form 41
  2. Form 106
  3. Form 222
  4. Form 224
  1. The DEA form 222 is a (n) ______form designed specifically for the sale of C-II medications.
  1. Duplicate
  2. Triplicate
  3. Electronic
  4. Optional
  1. How do insurance companies handle medications that are not in the plan formulary?
  1. Cover them at a higher co-pay
  2. Require prior authorization
  3. Not cover them at all
  4. Any of the above are possible
  1. The label on a blood pressure monitor indicates the product must be stored at controlled room temperature. What is the appropriate temperature range?
  1. 15◦C to 30◦C
  2. 30◦C to 40◦C
  3. 15◦F to 30◦F
  4. 30◦F to 40◦F
  1. A lot of Tylenol has been determined to contain only 160 mg per tablet rather than labeled 325 mg. In which class would this product be recalled?
  1. Class 1
  2. Class 2
  3. Class 3
  4. This product would not be recalled
  1. The middle (green) copy of a DEA form 222 is retained by which of the following?
  1. Supplier
  2. Manufacturer
  3. DEA
  4. Pharmacy
  1. What is the first section of the NDC code?
  1. The labeler code, identifying the manufacturer
  2. The product code, identifying the product
  3. The package code, identifying the package
  4. It varies
  1. An insulin vial has been stored at 6◦C for the past 2 months. Insulin vials require refrigeration. Is this product safe to dispense?
  1. Yes
  2. No